2004/286/EC: Commission Decision of 23 July 2003 on research and development aid in the aviation field which Spain is planning to implement for Gamesa (Text with EEA relevance) (notified under document number C(2003) 2518)
Data as of 2026-07-04 Β· Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. Β· Read the official text β
The State aid which Spain is planning to implement for Gamesa, consisting of an interest-free loan amounting to a total of EUR 27772769,34, is compatible with the common market within the meaning of Article 87(3)(c) of the EC Treaty, provided that the gross grant equivalent of the aid does not exceed EUR 14795715,99. The gross grant equivalent of the aid shall be calculated using the reference and discount rate published by the Commission, plus a premium of 400 basis points.
Spain shall inform the Commission, within two months of notification of this Decision, of the measures taken to comply with Article 1 above.
This Decision is addressed to the Kingdom of Spain. Done at Brussels, 23 July 2003. For the Commission Mario Monti Member of the Commission (1) OJ L 83, 27.3.1999, p. 1. (2) OJ C 153, 27.6.2002, p. 14. (3) OJ L 10, 13.1.2001, p. 33. (4) Parts of the text of this decision have been edited to ensure that confidential information is not enclosed; those parts are enclosed in square brackets and marked with an asterisk. (5) OJ C 45, 17.2.1996, p. 5. (6) 24 % of the eligible costs notified by the Spanish authorities (7) OJ C 273, 9.9.1997, p. 3. (8) OJ C 74, 10.3.1998, p. 7.
Source: EUR-Lex (Publications Office of the EU), Β© European Union, reuse permitted under Commission Decision 2011/833/EU.